II-VI Incorporated Taps Sohail Khan to Lead its New Ventures & Wide-Bandgap Electronics Technologies Organization, Closes the Ascatron and INNOViON Transactions, and Joins the Semiconductor Industry Association

PITTSBURGH, Oct. 05, 2020 (GLOBE NEWSWIRE) -- II‐VI Incorporated (Nasdaq: IIVI), a world leader in compound semiconductors, today announced that Sohail Khan has joined II-VI as Executive Vice President of New Ventures & Wide-Bandgap Electronics Technologies. II-VI also announced that it has closed the acquisition of Ascatron, completed the acquisition of all of the outstanding interests of the owners of the parent of INNOViON Corporation, and joined the Semiconductor Industry Association (SIA).

The New Ventures & Wide-Bandgap Electronics Technologies organization will position II-VI as an industry leader in compound semiconductor electronics by consolidating II-VI’s deep technology expertise in silicon carbide (SiC) substrates, advanced wide-bandgap epitaxy, device fabrication, and module design.

“Sohail Khan has my utmost respect as an integrated circuits and optoelectronics technologist, a visionary, and an accomplished business leader,” said Dr. Vincent D. Mattera, Jr., Chief Executive Officer, II-VI Incorporated. “Guided by Sohail’s leadership and the benefits of our platforms built by our innovations of the last 20 years, we will continue to invest in efficient energy-conversion technology to lead in one of the most exciting markets of our century.”

“Using our in-house knowledge and the technology recently licensed from General Electric, we will establish within II-VI a vertically integrated 150 mm SiC technology platform that we expect will produce the world’s most advanced SiC devices for power electronics,” said Sohail Khan. “We will also support the SIA’s effort to encourage U.S. policies and regulations that fuel innovation, propel business, and drive international competition.”

For the past two years, Sohail was the Managing Partner for K5 Innovations, and his prior positions include: CEO for ViXS Systems, a UHD video solutions semiconductor company; CEO of Lilliputian Systems, a fuel-cell company; CEO of SiGe Semiconductor and EVP of the Infrastructure Group at Agere Systems; and President of the IC Division of Lucent Microelectronics. He has an MBA from the University of California, Berkeley, and a BSEE from the University of Engineering, Lahore.

II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers. For more information, please visit us at www.ii-vi.com.

This press release contains forward-looking statements relating to future events and expectations that are based on certain assumptions and contingencies. The forward-looking statements are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and relate to the Company’s performance on a going-forward basis. The forward-looking statements in this press release involve risks and uncertainties, which could cause actual results, performance or trends to differ materially from those expressed in the forward-looking statements herein or in previous disclosures.

The Company believes that all forward-looking statements made by it in this release have a reasonable basis, but there can be no assurance that management’s expectations, beliefs or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and global economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements in this press release include, but are not limited to: (i) the failure of any one or more of the assumptions stated above to prove to be correct; (ii) the risks relating to forward-looking statements and other “Risk Factors” discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2020; (iii) the purchasing patterns of customers and end-users; (iv) the timely release of new products, and acceptance of such new products by the market; (v) the introduction of new products by competitors and other competitive responses; (vi) the Company’s ability to assimilate recently acquired businesses, and risks, costs and uncertainties associated with such acquisitions; (vii) the Company’s ability to devise and execute strategies to respond to market conditions; and/or (viii) the risks of business and economic disruption related to the currently ongoing COVID-19 outbreak and any other worldwide health epidemics and outbreaks that may arise. The Company disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events or developments, or otherwise.

EX-101.SCH 3 iivi-20201005.xsd XBRL SCHEMA FILE 00000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 iivi-20201005_def.xml XBRL DEFINITION FILE EX-101.LAB 5 iivi-20201005_lab.xml XBRL LABEL FILE Class of Stock [Axis] Common Stock, no par value Series A Mandatory Convertible Preferred Stock, no par value Statement [Table] Schedule of Capitalization, Equity [Line Items] Document Type Amendment Flag Amendment Description Document Registration Statement Document Annual Report Document Quarterly Report Document Transition Report Document Shell Company Report Document Shell Company Event Date Document Period Start Date Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Current Fiscal Year End Date Entity File Number Entity Registrant Name Entity Central Index Key Entity Primary SIC Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code Country Region City Area Code Local Phone Number Extension Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name Title of 12(g) Security Security Reporting Obligation Annual Information Form Audited Annual Financial Statements Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Elected Not To Use the Extended Transition Period Document Accounting Standard Other Reporting Standard Item Number Entity Shell Company Entity Public Float Entity Bankruptcy Proceedings, Reporting Current Entity Common Stock, Shares Outstanding Documents Incorporated by Reference [Text Block] Entity Information, Former Legal or Registered Name EX-101.PRE 6 iivi-20201005_pre.xml XBRL PRESENTATION FILE XML 7 f8k_100520_htm.xml IDEA: XBRL DOCUMENT 0000820318 2020-10-05 2020-10-05 0000820318 IIVI:CommonStockNoParValueMember 2020-10-05 2020-10-05 0000820318 IIVI:SeriesMandatoryConvertiblePreferredStockNoParValueMember 2020-10-05 2020-10-05 iso4217:USD shares iso4217:USD shares 0000820318 false 8-K 2020-10-05 II-VI INCORPORATED PA 001-39375 25-1214948 375 Saxonburg Boulevard Saxonburg PA 16056 (724) 352-4455 false false false false Common Stock, no par value IIVI NASDAQ Series A Mandatory Convertible Preferred Stock, no par value IIVIP NASDAQ false XML 8 R1.htm IDEA: XBRL DOCUMENT

Cover	Oct. 05, 2020
Schedule of Capitalization, Equity [Line Items]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Oct. 05, 2020
Entity File Number	001-39375
Entity Registrant Name	II-VI INCORPORATED
Entity Central Index Key	0000820318
Entity Tax Identification Number	25-1214948
Entity Incorporation, State or Country Code	PA
Entity Address, Address Line One	375 Saxonburg Boulevard
Entity Address, City or Town	Saxonburg
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	16056
City Area Code	(724)
Local Phone Number	352-4455
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock, no par value
Schedule of Capitalization, Equity [Line Items]
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	IIVI
Security Exchange Name	NASDAQ
Series A Mandatory Convertible Preferred Stock, no par value
Schedule of Capitalization, Equity [Line Items]
Title of 12(b) Security	Series A Mandatory Convertible Preferred Stock, no par value
Trading Symbol	IIVIP
Security Exchange Name	NASDAQ

Pennsylvania	001-39375	25-1214948
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, no par value	IIVI	Nasdaq Global Select Market
Series A Mandatory Convertible Preferred Stock, no par value	IIVIP	Nasdaq Global Select Market

	II-VI Incorporated


Date: October 5, 2020	By:	/s/ Mary Jane Raymond
		Mary Jane Raymond
		Chief Financial Officer and Treasurer


CONTACT:	Mark Lourie
	Vice President, Corporate Communications
	corporate.communications@ii-vi.com
	www.ii-vi.com/contact-us